A group of Wall Street lenders, the Bank Policy Institute (BPI), has thrown its support behind U.S. Senator Elizabeth Warren on her recently reintroduced legislation known as the Digital Asset Anti-Money Laundering Act.
In recent days, the U.S. Congress has occupied the headlines with the introduction of several bills aimed at regulating the U.S. crypto industry.
Elizabeth Warren And The BPI Finally Agree On Something
According to a report by Bloomberg on July 28, the BPI, which functions as a research and advocacy banking group, is backing Warren on this bill which aims to enforce a higher level of compliance in the U.S. crypto space in regard to anti-money laundering and counter-terrorism rules.
Bloomberg also noted the existing tension between the BPI and Elizabeth Warren, with the Massachusetts Senator often criticizing members of the trade union.
However, it appears both parties do agree on the need for stringent…
